Harel Insurance Investments & Financial Services Ltd. Acquires Shares of 30,500 Hewlett Packard Enterprise Company (NYSE:HPE)

Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 30,500 shares of the technology company's stock, valued at approximately $471,000.

Several other institutional investors also recently modified their holdings of HPE. Jones Financial Companies Lllp grew its position in shares of Hewlett Packard Enterprise by 115.5% during the 4th quarter. Jones Financial Companies Lllp now owns 11,053 shares of the technology company's stock worth $236,000 after buying an additional 5,924 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Hewlett Packard Enterprise by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,744,952 shares of the technology company's stock valued at $208,055,000 after purchasing an additional 135,874 shares during the period. Keybank National Association OH grew its position in shares of Hewlett Packard Enterprise by 4.5% in the 4th quarter. Keybank National Association OH now owns 37,552 shares of the technology company's stock valued at $802,000 after purchasing an additional 1,618 shares during the period. Victory Capital Management Inc. grew its position in shares of Hewlett Packard Enterprise by 16.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,275,903 shares of the technology company's stock valued at $48,591,000 after purchasing an additional 324,042 shares during the period. Finally, Assetmark Inc. grew its position in shares of Hewlett Packard Enterprise by 3.9% in the 4th quarter. Assetmark Inc. now owns 70,215 shares of the technology company's stock valued at $1,499,000 after purchasing an additional 2,613 shares during the period. 80.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Phil Mottram sold 30,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the sale, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. This trade represents a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,590 shares of company stock worth $2,436,000. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Stock Up 0.3%

Shares of Hewlett Packard Enterprise stock traded up $0.07 on Friday, reaching $21.32. 12,296,572 shares of the company were exchanged, compared to its average volume of 16,804,224. Hewlett Packard Enterprise Company has a one year low of $11.97 and a one year high of $24.66. The company has a market capitalization of $27.97 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.09 and a beta of 1.35. The company has a current ratio of 1.29, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $17.91 and a 200 day moving average of $18.61.

Hewlett Packard Enterprise (NYSE:HPE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.05. Hewlett Packard Enterprise had a return on equity of 9.59% and a net margin of 4.60%. The company had revenue of $7.63 billion for the quarter, compared to analysts' expectations of $7.51 billion. During the same quarter in the prior year, the business posted $0.42 EPS. The business's revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts forecast that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, June 18th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, June 18th. Hewlett Packard Enterprise's dividend payout ratio (DPR) is presently 52.53%.

Analyst Ratings Changes

HPE has been the subject of several research analyst reports. Raymond James Financial boosted their price objective on Hewlett Packard Enterprise from $23.00 to $26.00 and gave the company a "strong-buy" rating in a research report on Wednesday, June 4th. Bank of America boosted their price objective on Hewlett Packard Enterprise from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Wells Fargo & Company boosted their price objective on Hewlett Packard Enterprise from $20.00 to $22.00 and gave the company an "equal weight" rating in a research report on Thursday. Loop Capital boosted their price objective on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Monday, June 9th. Finally, Morgan Stanley upped their price target on Hewlett Packard Enterprise from $14.00 to $22.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of "Hold" and a consensus price target of $21.85.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.